bobby, I am a late 30 something, but am neither a bull or bear. I have owned a few inuts and won and lost. Most of my holdings are presently solid, growth companies with international breadth and a market that will not be diminished in a slowdown (networkers, internet infrastructure, etc.).
By the tone of your post, you feel a bit superior to the younger people like myself that have instantly achieved 7 figure accounts and did not have to spend years and years of hard work to accomplish it. Despite that, I respect the opinions of the people on this thread, especially yours and that of The Chief recently as the content has been even and analytical. that is what I was and am looking for.
For you to say that I do or do not understand is quite frankly, out of line and clearly premature since you do not know me. Most of the analysis of a market direction is a mix of speculation, sentiment, educated analysis and comparative datapoints in history. None of this is an exact science, so how can anyone be wrong or right prior to a specific occurence?
this is not Japan (despite all comparisons, the real estate pricing now does not come close the the speculative nature that the Japanese exhibited then), nor is it 1928 or 1929. Technology is NECESSARY to every company out there. there will be tremendous growth in certain areas of the market. The trick in my opinion is to not only analyze market direction, but also to determine which companies and technologies are bear proof over the long term.
Lastly, I am not saying that the pundits now are right or wrong. I simply point out that this story has been repeated for several years and has been proven to be premature. Perhaps at this juncture it is not. We shall see. At this point last year there were signs of inflationary growth and productivity decline. That proved to be an aberration for a few months. Perhaps it is a seasonal event. We really will not know that until the fall, so at this point i will continue to follow those on this thread looking for a trend.
Thanks in advance for your continued market insight. TP |
